In our last newsletter we called a bottom in BTC price and an end to the bear market.
We believe that we are now entering a consolidation period with sideways price movement.
We identified short term cycles around the 15 days MA, of approximately 25 days periods of uptrend and downtrend.
Our chart shows that the recent uptrend has ended and we are now heading...
Hello guys ..
sorry been away for a while but all of my charts are hitting targets
this time im gonna talk about Eth and will update btc for new upward targets in the next idea so hit the like and follow bottom to keep you updated and will be appreciated
ETH price extended the recent rally and traded above the $144 and $148 resistances against the US...
I present an alternative and perhaps unpopular perspective on ETHUSD. I'm saying that there is a risk that price on 2H and 4H time frames could spike down into the Daily trend before recovering.
The markets are there to make us feel stupid. If for example, the price rocks north now, everybody would say I am wrong. But I'm not here to be right about one position....
Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
> 200 and 50 MAs are converging
> Bullish trendline is intact despite several tests
> On the Ichimoku front the Tenkan line has entered the cloud, with a long flat Kumo edge. If the cloud crosses into a bullish outlook the setup would be complete for an Edge-to edge trade
Eth chart inverse has some similarities with the Peak of early 2018 and subsequent crash.
However as @kazonomics points out, looking the same is not enough: human emotions are what drives the charts.
Are ETH holders as salty now as they were euphoric in January 2017?
Ethereum had a pretty significant pump down. It's now a serious bear-bull fight as punters queue up for positions. Overall on higher time frame the trend is for the north. On lower time frames price is trending for the south. Many exited on what appeared to be a double top on the Daily. So the recent fall may have been just about fear.
And welcome to my chart.
We can clearly see a major resistance rejection at 168$ levels, please see arrows in blue.
We can also see a massive falling wedge breaking out which is a technical buy signal. Personally i believe its a fakeout due to the all the Constantinoplis fork hype and the bear market is still in progress. My insides telling me we...
I see at least 4 valid reasons to short etherum/USD here. smart money doesn't open longs on price going up. it is definitely retail got "Hopium" and longing. I see ethereum below $80 from here. we first go to lower border of triangle and then as triangle breakdown - go more
The OBV has hit an historic trend line first established May 5/6 2018, add to that the overbought RSI, I expect the price to retrace back to the 50 day moving average, which is currently sitting at $123, chart is busy at the moment might need to clear it up. Any feed back would be greatly appreciated.